CEO remuneration

The President and CEO’s remuneration consists of base salary, taxable benefits (housing benefit, car benefit, phone benefit, pension, medical and life insurance), share-based incentive and annual short-term incentive determined by the Board based on the company’s key targets.

The annual short-term incentive payable based on the targets set for 2018 could not exceed 95% of the CEO’s annual base salary, and it was based on the achievement of EBITDA, occupational safety, delivery reliability and individual targets.

The CEO has the right to retire at the age of 63. He participates in the Finnish TyEL pension system in addition to which he is included in a defined contribution pension plan with an annual insurance premium of 25% of his annual earnings, excluding share rewards.

The service contract of the CEO is valid until further notice. The CEO is not entitled to a specific severance payment, and the notice period is three months for both parties.

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About Outokumpu

Outokumpu is the global leader in stainless steel. Our customers use it to create civilization’s basic structures and its most famous landmarks. Stainless steel is sustainable, durable and designed to last forever.

We aim to be the best value creator in stainless by 2020, through our competitive edge of customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose.

Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki.

Recycling maximized

Stainless steel is 100% recyclable. It is the most recycled material in the world, and its quality is preserved in the process.

Our stainless steel contains the highest proportion of recycled content on the market, and we keep pushing this further to conserve virgin raw materials. Increasing the share of recycled material is the single most effective measure to reduce our environmental impact.

Using Outokumpu’s stainless steel decreases our customer's own carbon footprint and that of their customers.